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Debate House Prices
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Raise rate to get things moving again?
Comments
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RenovationMan wrote: »Where does the UK economy happen to be, financially?
In pretty decent shape, given the number of "good news" posts you made recently.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I doubt it would help the economy right now, but may save future disasters. People are getting too used to ultra low rates and possibly need a reminder occasionally to control their sentiments.
I recently posted something very similar to this.
Of course, there will be a few who will object to taking the bad tasting medicine, but medicine usually makes you better - not taking it is a bad idea.
Anyone suggesting that the lending practices of the banks should have been reigned in during "the boom" were generally dismissed as being foolish (as I was, several times). I could see that personal debt (fueled by the banks "generosity") was getting a little out of hand, yet there didn't seem to be any will to stop it - the credit crunch had to do the deed.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
thank the lord that there are 9 sensible members of the bank of england who disagree with the armchair economists on this thread who would wreck the economy by raising rates, in the vain hope that it might make things better 'later on' - do me a favour
how's that eu interest rate looking now?'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
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